Global Markets:
- Asian stock markets: Nikkei up 0.45 %, Shanghai Composite lost 0.15 %, Hang Seng and ASX 200 fell 0.40 %
- Commodities: Gold at $1338 (-0.40 %), Silver at $19.50 (-0.50 %), WTI Oil at $45.90 (-0.10 %), Brent Oil at $47.85 (-0.20 %)
- Rates: US 10 year yield at 1.60, UK 10 year yield at 0.71, German 10 year yield at -0.12
News & Data:
- Australia ANZ Roy Morgan Weekly Consumer Confidence Index 25-Sep: 120.6 (prev. 115.5)
- Japan PPI Services (YoY)Aug: 0.2% (est. 0.30%, rev prev. 0.3% from 0.40%)
- China Industrial Profits (YoY) Aug: 19.5% (prev. 11.00%)
- PBOC sets USD/CNY mid-point at 6.6646 (prev. fix 6.6744, prev. close 6.6695)
- Fed's Kaplan: Would have been comfortable hiking this month; Fed should be patient on hikes – RTRS
- Fed's Kashkari: Supported hold in September; risks of too low inflation are greater than too high; Fed has tools to act if overshoots though
- ECB's Lane: Current rates are working; still a way to go before inflation at 2.0% – RTRS
- Asia stocks, Mexico peso bounce as markets see Clinton as winner of debate – RTRS
- No sign of oil freeze at home as Russia meets OPEC – RTRS
Markets Update:
Risk appetite improved after the first US presidential debate, as Hilary Clinton was seen as the winner. US/JPY bounced off 100.10 support once again and rallied to a high of 100.90. Resistance is noted at 101.20, followed by 102.00.
The commodity currencies gained against the US Dollar overnight. AUD/USD rose from 0.7610 to 0.7670, while NZD/USD rallied from 0.7260 to 0.7295. The Australian Dollar remains well bid, but it continues to struggle with heavy resistance around 0.77. Meanwhile, the Canadian Dollar rallied along with Oil prices, which pushed USD/CAD from 1.3275 to 1.3160.
The Euro and the Pound were quiet as usual. EUR/USD traded in a 1.1240-55 range, while GBP/USD consolidated between 1.2950 and 1.2990.
Upcoming Events:
- 09:00 BST – Euro Zone M3 Money Supply
- 14:00 BST – US S&P/HPI Composite
- 14:45 BTS – US Services PMI
- 15:00 BST – US CB Consumer Confidence
- 15:00 BST – US Richmond Manufacturing Index
- 16:15 BST – FOMC Member Fischer speaks
